Why Facebook and CBDC could be real winners from El Salvador’s Bitcoin embrace
Weekend Reading / El Salvador

Why Facebook and CBDC could be real winners from El Salvador’s Bitcoin embrace

  • El Salvador will not be the last country to embrace crypto, and it will fundamentally change crypto’s global role

  • It will encourage countries developing CBDC to create genuine cryptocurrencies and force the IMF to engage with crypto

  • The real winner could be Facebook’s Diem project, which does everything El Salvador wants from Bitcoin, only better

Paul Domjan
Paul Domjan

Senior Contributing Analyst

Tellimer Research
12 June 2021
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